Champaign County Real Estate and Livability Trends
Champaign County, Ohio, has seen rising property values, climbing from $123,200 in 2015 to $166,900 in 2022, aligning with broader trends and indicating potentially robust market appeal. Though the average total tax liability per tax return jumped to $7,904.74 by 2021, this may represent a maturing economic base attractive for investments. The educational landscape shows larger-than-average class... Read more
Champaign County Market Trends
Median home values in Champaign County, Ohio have seen a steady rise over the past eight years, from $123,200 in 2015 to $166,900 in 2022, keeping pace with state and national trends. Increasing residential energy tax credits, which peaked at $3,233.33 in 2018, suggest a growing focus on energy-efficient upgrades, potentially boosting market appeal. Real estate taxes have also risen markedly,... Read more
Median Value of Occupied Housing Units in Champaign County, Ohio Over the Last 8 Years
Over the past eight years, median home values in Champaign County, Ohio have shown a steady upward trend, starting at $123,200 in 2015 and climbing to $166,900 in 2022. This upward trajectory is somewhat consistent with the state of Ohio's figures, which started at $129,900 in 2015 and reached $183,300 in 2022, reflecting a more robust growth rate. Nationally, the median home value began at $125,500 in 2015 and increased to $179,400 by 2022, suggesting that both Champaign County and Ohio are maintaining competitive edges in the housing market. For investors or those considering a move, this could indicate ongoing opportunity and stability in property values within this region.
Residential Energy Tax Credit Per Tax Return in Champaign County, OH Over the Last 9 Years
Champaign County, Ohio has seen a notable increase in residential energy tax credits over the past nine years, indicating growing investment in energy-efficient upgrades. The average credit per tax return peaked at $3,233.33 in 2018, suggesting significant expenditures in that year. While there has been a decline since then, the 2021 average of $1,035.71 remains substantially higher than earlier years. These trends may interest investors and real estate agents by signaling a community increasingly committed to energy efficiency, potentially enhancing property values and market appeal.
Average Real Estate Taxes Per Tax Return in Champaign County, OH Over the Last 10 Years
Champaign County, Ohio has seen a notable rise in average real estate taxes per tax return over the past decade, with a steady increase from $2,147.62 in 2012 to around $4,020.41 in 2021. This upward trend, peaking at $4,080.43 in 2020, could indicate a growing property market, possibly reflecting higher property values or changes in tax rates. While this might concern potential buyers or those planning to build in the area, it also suggests a robust real estate environment which can be advantageous for investors and real estate agents.
Percentage of Farm Returns in Champaign County, OH Over the Last 10 Years
Over the past decade in Champaign County, Ohio, the percentage of farm tax returns has shown a slight but consistent decline, dropping from around 4.58% in 2012 to roughly 3.79% in 2021. Farm tax returns are documents filed by agricultural producers to report income from their farming activities. These returns are a proxy for the number of active farming operations, and their gradual decrease could suggest shifts in the local agricultural landscape, possibly indicating consolidation of farm businesses or a movement away from farming as a primary occupation. This trend may matter to investors, potential residents, and developers as it hints at broader economic changes in the region's agrarian sector.
Number of Mortgages by Occupancy Type in Champaign County, OH Over the Last 5 Years in Champaign County
Champaign County, Ohio, has seen interesting fluctuations in the number of mortgages by occupancy type over the last five years. Principal residence mortgages dominate the market, peaking at 2526 in 2021 and showing a significant increase from 2018's 1435. Conversely, investment properties and second residences maintain relatively stable, lower numbers, with investment property mortgages hovering around 40-60 annually and second residences peaking at 11 in 2020. For investors and stakeholders, shifts in mortgage counts for different property types provide insights into housing demand, local economic conditions, and potential investment opportunities. They also help to gauge market stability and risk factors, essential for strategic planning in real estate and financial services.
Economic Outlook
Champaign County, Ohio, has experienced a notable rise in average taxable income per tax return, jumping from $46,615.40 in 2013 to $61,039.45 in 2021. This points to gradual economic growth and potentially improved earning prospects for residents, which might correlate with rising property values and higher demand for local services. Additionally, the average state and local income taxes per tax return have increased significantly, growing from $4,818.49 in 2012 to around $7,375.51 by 2021.... Read more
Average Taxable Income per Tax Return in Champaign County, OH over the last 9 years
Champaign County, Ohio has seen a notable rise in average taxable income per tax return over the past nine years, increasing from $46,615.40 in 2013 to $61,039.45 in 2021. This trend suggests gradual economic growth and potentially improved earning prospects for residents. Prospective investors, real estate agents, and those considering moving to the area may find this data indicative of a strengthening local economy, which could correlate with rising property values and a higher demand for local services. This could also be relevant for appraisers and insurance agents when assessing property and policy values in the region.
Average State and Local Income Taxes Per Tax Return in Champaign County, OH Over the Last 10 Years
Champaign County, Ohio has seen a notable increase in average state and local income taxes per tax return over the last decade. From a lower point of about $4,818.49 in 2012, taxes have risen sharply to approximately $7,375.51 by 2021. This trend suggests a growing tax burden which could influence decisions for individuals considering investing, moving, or establishing a business in the area. For those in real estate, insurance, and appraisals, understanding these changes is crucial for advising clients on the potential financial implications of living in Champaign County.
Average Total Tax Liability Per Tax Return in Champaign County, OH Over the Last 10 Years
Champaign County, Ohio has seen a mostly upward trend in the average total tax liability per tax return over the past decade, with notable spikes in 2017 and a significant increase in 2021, reaching $7,904.74. This pattern might suggest a growing economic base or rising incomes in the area, making it potentially attractive for those interested in property investment, real estate development, or financial services. The fluctuations also underscore the importance of understanding local economic dynamics for appraisers and insurance agents working in this region.
Cost of Living in Champaign County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,128 | $1,327 | $1,712 | $1,320 | $1,008 |
| 1 adult 4 children | $1,128 | $1,084 | $1,308 | $1,320 | $1,106 |
| 2 adults 3 children | $1,128 | $1,084 | $1,486 | $1,320 | $818 |
| 1 adult 3 children | $1,128 | $885 | $1,082 | $1,320 | $890 |
| 2 adults 2 children | $822 | $887 | $1,260 | $1,154 | $710 |
| 1 adult 2 children | $822 | $663 | $856 | $1,154 | $659 |
| 2 adults 1 child | $822 | $701 | $1,035 | $615 | $663 |
| 1 adult 1 child | $822 | $453 | $630 | $615 | $547 |
| 2 adults | $647 | $563 | $809 | $0 | $534 |
| 1 adult | $643 | $307 | $404 | $0 | $471 |
Safety trends & Data
Property crimes in Champaign County, Ohio, have seen significant fluctuations over the past five years, peaking with 118 incidents in 2018 before tapering off. Burglary arrests notably spiked in 2020 with 29 incidents, diverging from the generally lower figures of other years. Vandalism cases have stayed consistent, despite a noticeable rise in 2018 followed by a slight decline. Even though arson incidents are minimal, their variability, especially with higher arrests in 2019, can provide... Read more
Property Crime Trends in Champaign County, OH Over the Last 5 Years
Over the last five years in Champaign County, Ohio, property crimes like larceny-theft have fluctuated significantly, peaking in 2018 with 118 incidents and then decreasing overall in subsequent years. Notably, burglary arrests saw a spike in 2020 with 29 incidents, a stark contrast to the relatively lower figures of other years. Episodes of vandalism have remained relatively stable, though an uptick was noticeable in 2018 and a slight decline followed. Arson incidents, although minimal, showcased variability with higher arrests in 2019. These shifts might inform appraisers, real estate agents, and potential investors about the evolving safety landscape and could influence property values and insurance premiums.
Demographics
Champaign County, Ohio seems to exhibit a balanced gender distribution among adults and a prominent majority of its population identifies as White. The community shows a notable emphasis on fundamental education, with a significant proportion merely holding high school diplomas or some college education without degrees. The age distribution suggests a maturing populace, with sizable segments in the 45-64 age brackets, potentially impacting future workforce and healthcare... Read more
Race Distribution in Champaign County, Ohio (2022)
Educational Attainment in Champaign County, Ohio (2022)
Age Distribution in Champaign County, Ohio
Citizen Population in Champaign County, Ohio (2022)
Political Trends & Data
Champaign County, Ohio, saw the Republican party capturing around 73% of the 2020 Presidential election votes, significantly outweighing the Democratic party's 25%. Libertarians and other parties collectively accounted for a minimal share. This Republican dominance could influence local policy directions, reflecting a potential tilt in community priorities and future legislative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Champaign County, Ohio, the 2020 U.S. Presidential Election results indicate that the Republican party received a significant majority of the votes, approximately 73%. The Democratic party trailed considerably with around 25%, while Libertarians garnered about 1.3%, and other parties collectively made up a negligible fraction. This data suggests a strong Republican hold in the county, potentially shaping local and state policy outcomes.
73.05% of voters voted for the Republican party in the 2020 Presidential Election
25.35% of voters voted for the Democrat party in the 2020 Presidential Election
1.30% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Champaign County, Ohio has shifted from 28 students per teacher in 2014 to a more stable 18 students per teacher since 2016, still above the national average of 14 students per teacher. This could hint at a higher demand for educational resources and larger class sizes, potentially impacting property values, school capacity, and community growth. Real estate professionals might see this as a key factor in market evaluations, while insurance agents could consider... Read more
Student-to-teacher ratio in Champaign County, Ohio over the last 9 years
The student-to-teacher ratio in Champaign County, Ohio has fluctuated over the past nine years, from a high of 28 students per teacher in 2014 to stable values around 18 students per teacher from 2016 onward. This trend still positions the county higher than the national average of 14 students per teacher. For investors, those looking to move, or build property, this could suggest a higher demand for educational resources and potentially larger class sizes. Real estate agents and appraisers might note this as an indicator of school capacity and community growth. Insurance agents might find this significant when assessing risk related to educational infrastructure.
